Big Take Asia: China Is Building an Army of Hackers
Teams from China used to dominate international hacking competitions, until Beijing ordered them to stop attending and take part only in domestic tournaments. On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Jamie Tarabay about how tournaments are helping boost China's cyber-espionage capabilities and what that means for the world.
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Associated Press
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- Associated Press
Japan records trade deficit as exports suffer from Trump's tariffs
TOKYO (AP) — Japan's exports fell in May as shipments of autos to the U.S. dropped nearly 25% from a year earlier due to higher tariffs imposed by President Donald Trump. Exports fell 1.7% year-on-year, which was less than the decline analysts had forecast, the Finance Ministry reported Wednesday. Imports sank 7.7%, reflecting weakening domestic demand and worse than the 2% fall recorded in April. The trade deficit in May was 637.6 billion yen, or $4.4 billion. Japan has yet to reach a deal with Trump on resolving the tariffs issue, with Prime Minister Shigeru Ishiba saying after he met with the U.S. president at the Group of Seven summit in Canada earlier this week that the two sides were unable to agree on some points. Trump has imposed a 25% additional tariff on Japanese autos and a 24% tariff on other goods. He recently said the auto tariff may become even higher. Ishiba has emphasized that Japan is an important ally in a key bilateral defense alliance with Washington and that he is pushing to protect his own country's national interests. The auto industry is a pillar of Japan's economy, and Japan exports more than a million vehicles to the U.S. a year. Tokyo has repeatedly stressed that automakers like Toyota and Honda produce cars in North America, contributing to the economy and creating jobs. ___ Yuri Kageyama is on Threads
Yahoo
22 minutes ago
- Yahoo
Japan records trade deficit as exports suffer from Trump's tariffs
TOKYO (AP) — Japan's exports fell in May as shipments of autos to the U.S. dropped nearly 25% from a year earlier due to higher tariffs imposed by President Donald Trump. Exports fell 1.7% year-on-year, which was less than the decline analysts had forecast, the Finance Ministry reported Wednesday. Imports sank 7.7%, reflecting weakening domestic demand and worse than the 2% fall recorded in April. The trade deficit in May was 637.6 billion yen, or $4.4 billion. Japan has yet to reach a deal with Trump on resolving the tariffs issue, with Prime Minister Shigeru Ishiba saying after he met with the U.S. president at the Group of Seven summit in Canada earlier this week that the two sides were unable to agree on some points. Trump has imposed a 25% additional tariff on Japanese autos and a 24% tariff on other goods. He recently said the auto tariff may become even higher. Ishiba has emphasized that Japan is an important ally in a key bilateral defense alliance with Washington and that he is pushing to protect his own country's national interests. The auto industry is a pillar of Japan's economy, and Japan exports more than a million vehicles to the U.S. a year. Tokyo has repeatedly stressed that automakers like Toyota and Honda produce cars in North America, contributing to the economy and creating jobs. ___ Yuri Kageyama is on Threads Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22 minutes ago
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CGTN: China, Central Asian countries sign landmark treaty, vow to boost cooperation
CGTN published an article on the second China-Central Asia Summit in Astana, emphasizing the significance of China and the five Central Asian nations signing the Treaty of Permanent Good-Neighborliness and Friendly Cooperation, and highlighting their shared commitment to strengthening partnerships through the Belt and Road Initiative to promote mutual development and regional cooperation. BEIJING, June 18, 2025 (GLOBE NEWSWIRE) -- In a historic first, the China-Central Asia Summit was hosted in a Central Asian country, as leaders of China and five Central Asian nations gathered on Tuesday in Astana, the capital of Kazakhstan, for the summit's second edition. In a new landmark, the six countries signed the Treaty of Permanent Good-Neighborliness and Friendly Cooperation at the summit. The treaty is to enshrine the principle of everlasting friendship between the countries in the form of law, said Chinese President Xi Jinping in a keynote speech. "It is a milestone for today and a foundation for tomorrow," Xi said while addressing the summit, which was attended by the presidents of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. Upholding the China-Central Asia Spirit Xi on Tuesday hailed the China-Central Asia Spirit, which embodies mutual respect, mutual trust, mutual benefit and mutual assistance for the joint pursuit of modernization through high-quality development. In 2020, China proposed the establishment of a China-Central Asia mechanism. In 2022, the countries proposed upgrading the mechanism to the level of heads of state at a virtual summit marking the 30th anniversary of their diplomatic relations. This proposal was realized at the inaugural China-Central Asia Summit in 2023 in the northwestern Chinese city of Xi'an, where leaders agreed that the top-level gathering would be held every two years, alternating between China and the Central Asian countries. Two years on, the consensus at the first summit has been implemented across the board, Xi said, adding that the path of cooperation is steadily widening, and the friendship is blooming ever more brightly. A recent CGTN poll found that 90 percent of respondents believe the China-Central Asia mechanism is not about rivalry or competition but a framework for both sides to seek stability, development, and future-focused cooperation. To date, China has established comprehensive strategic partnerships, signed Belt and Road cooperation documents, and implemented the vision of building a community with a shared future at the bilateral level with all five Central Asian countries. This fully demonstrates the high-level strategic mutual trust and the firm resolve to deepen mutually beneficial cooperation, said Sun Weidong, secretary-general of the Secretariat of the China-Central Asia Mechanism. High-quality development of the Belt and Road Initiative At the Astana summit, Xi called on the countries to act on the China-Central Asia Spirit, enhance cooperation with renewed vigor and more practical measures, promote high-quality development of the Belt and Road Initiative (BRI), and forge ahead toward the goal of a community with a shared future for the region. It was in the capital of Kazakhstan in 2013 that Xi first laid out his vision for jointly building the Silk Road Economic Belt, an essential component of the BRI. Through this initiative, China and the region have seen robust cooperation in trade, the digital economy and connectivity. China has become the region's top trading partner and a major investment source. Data from the General Administration of Customs showed that China-Central Asia trade reached a record $94.8 billion in 2024, with China's cumulative investment in the region exceeding $30 billion. According to the CGTN poll, 92.4 percent of respondents agree that the BRI is an important international public good that supports high-level cooperation between China and Central Asia. Xi on Tuesday urged China and Central Asia to optimize their cooperation framework to make it more results-oriented, efficient and deeply integrated. Efforts should be made to focus cooperation on smooth trade, industrial investment, connectivity, green mining, agricultural modernization, and personnel exchanges, and to roll out more projects on the ground, he said. In order to promote relevant cooperation, China has decided to establish three cooperation centers focusing on poverty reduction, education exchange, and desertification prevention and control, as well as a cooperation platform for smooth trade, Xi announced. Cui Zheng, director of the Research Center for Russia, Eastern Europe and Central Asian Countries at Liaoning University, recognized the significance of the cooperation model given the current international landscape in a CGTN opinion piece. In a global environment marked by rising protectionism, the China-Central Asia partnership represents a new model of diplomatic engagement – one that respects independence, promotes mutual benefit and amplifies the voice of the Global South, Cui said. For more information, please click: CONTACT: Contact: CGTN, cgtn@
